https://www.taxtmi.com/caselaws?id=30348 The tribunal ruled in favor of the appellants, allowing their appeal against the denial of Cenvat credit and penalty imposition. The tribunal emphasized that manufacturers of final products are entitled to claim Cenvat credit based on duty paid on inputs, supported by relevant invoices. It held that the Cenvat credit taken by the appellants could not be reduced due to subsequent price reductions by the supplier, citing established legal principles and precedents. The tribunal set aside the impugned order and granted relief to the appellants. en-us Fri, 09 May 2008 00:00:00 +0530 Sat, 23 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30348 The tribunal ruled in favor of the appellants, allowing their appeal against the denial of Cenvat credit and penalty imposition. The tribunal emphasized that manufacturers of final products are entitled to claim Cenvat credit based on duty paid on inputs, supported by relevant invoices. It held that the Cenvat credit taken by the appellants could not be reduced due to subsequent price reductions by the supplier, citing established legal principles and precedents. The tribunal set aside the impugned order and granted relief to the appellants. Case-Laws Central Excise Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30348